|
Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
PLASTINDIA FOUNDATION |
|
|
|
|
Registered
Office : |
401, Landmark B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
Not Divlged |
|
|
|
|
Year of
Establishment: |
1987 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Trust |
|
|
|
|
Line of Business
: |
Organizers of Tradefairs and Exhibition. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established trust having moderate. Mr. Kalpesh Shah
Manager provided with us very few general information and denied to disclose financial
details. Payment terms are unknown. The trust can be considered for business dealings an a secured trade
terms and conditions |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Kalpesh Shah |
|
Designation : |
Manager |
|
Contact No.: |
91-22-26832911 |
|
Date : |
18.09.2011 |
LOCATIONS
|
Registered Office : |
401, Landmark B, Suren Road, Off Andheri Kurla Road, Andheri (East),
Mumbai – 400 093, Maharashtra, India |
|
Tel. No.: |
91-22-26832911 |
|
Fax No.: |
91-22-26845861 |
|
E-Mail : |
|
|
Website : |
MANAGEMENT TEAM
|
Name : |
Mr. Ashok
Goel, President |
|
Designation : |
Vice Chairman and Managing Director, Essel Propack Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Bipin M. Shah, Vice President |
|
Designation : |
Director, Trend Plast Pouch Pack Private Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. K. K. Seksaria,
Honourary Treasurer. |
|
Designation : |
Managing Director, Uma Plastics Ltd |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Arvind M. Mehta, Immediate Past President |
|
Designation : |
Managing Director, Welset Plast Extrusions Private Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Raju Desai, Member |
|
Designation : |
Director, Jyoti Plastic Works Private Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Kailash B. Murarka, Member |
|
Designation : |
Director, Blow Pack |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Sourabh Khemani, Member (December 2009 to
December 2011) |
|
Designation : |
Managing Director, National Moulding Company Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Rajesh Mohta, Member (December 2011 - till
date) |
|
Designation : |
Mahabir Plastic Industries |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Paresh V. Parekh, Member |
|
Designation : |
Managing Director National Plastic Industries Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. C. V. Jain, Member |
|
Designation : |
Director, Jainex Synthoplast |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Amrut Patel, Member |
|
Designation : |
Chairman, Dollplast Machinery Inc. |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Nemish Sayani, Member (September 2009 to
December 2011) |
|
Designation : |
Director, Crystal Plastics and Metallizing P. Limited |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Rajeev Chitalia,
Member (December 2011 - till
date) |
|
Designation : |
Precious International |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. Manoj Agarwal, Member |
|
Designation : |
Managing Director, Kanpur Plastipack |
|
E-mail : |
|
|
|
|
|
Name : |
Mr. F. Pinto, Member |
|
Designation : |
Windemere Apartments |
|
E-mail : |
|
|
|
|
|
Name : |
Prof. (Dr.) S. K. Nayak,
Member |
|
Designation : |
Director General, Central Institute of Plastics Engineering and
Technology (CIPET) |
|
E-mail : |
|
|
|
|
|
Name : |
Dr. P. Poomalai, Member |
|
Designation : |
Deputy Director, Central Institute of Plastics Engineering and
Technology (CIPET) |
|
E-mail : |
BUSINESS DETAILS
|
Line of Business : |
Organizers of Tradefairs and Exhibition. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Avavilable |
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
Not Avavilable |
|
|
|
|
Associate Members : |
·
All India Federation of Plastic
Industry E-mail: aifpi_2006@sify.com ·
All India Flat Tape Mfrs.
Association E-mail: aiftma@rediffmail.com · All India Plastic Industries Association E-mail: aipia1982@rediffmail.com ·
Andhra Pradesh Plastics Mfrs.
Association E-mail: jaisriram_anil@yahoo.com ·
Indian Plastpack Forum E-mail: info@indianplastpackforum.com ·
Plastic Mfrs. Association
Rajasthan E-mail: pmarjaipur@yahoo.co.in ·
Saurashtra Plastics Mfrs.
Association E-mail: spmaassn@hotmail.com ·
The Tamil Nadu Plastics
Manufacturers Association E-mail: info@indianplastpackforum.com |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
The above information has been denied by Mr. Kalpesh Shah.
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
No |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
---- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm
/ promoter involved in |
---- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---- |
|
26] |
Buyer visit details |
---- |
|
27] |
Financials, if provided |
No |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
No |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
WEBSITE DETAILS:
Plastindia Foundation - Progress Through Plastics
Plastics – One of the fastest growing industries in India has a very vital role
to play in Indian economy. The next two decades will witness an unprecedented, explosive
growth in all sectors of Plastics Industry the demands clear, long term
constructive goals and a time bound action programme
PLASTINDIA FOUNDATION is the Apex body of major Associations, Organisations,
and Institutions connected with plastics, with common objectives to promote,
the development of plastics industry and to assist the growth of plastics and
related materials and their products. The FOUNDATION is dedicated to the
national progress through plastics.
Founder Members
• Central Institute of Plastics Engineering and Technology, Chennai
• Gujarat State Plastic Manufacturer's Association, Ahmedabad
• Indian Plastics Federation, Kolkata
• Indian Plastics Institute, Mumbai
• Organizations of Plastics Processors of India, Mumbai
• The All India Plastics Manufacturer's Association, Mumbai
• The Plastics Export Promotion Council, Mumbai
PROGRAMMES
• Exhibitions at national and international levels
• Seminars and Workshops
• Research and Development activities including market research, scientific
research and statistical surveys and analysis
• Educational training courses and man-power development programs
• Lecture tours, study tours and sponsored delegations
• Reference libraries, display centers, data banks and documentation centers
• Product testing centers
• Publication of technical journals, periodicals, surveys and reports
• Consultancy and advisory services
• Identification of potential areas for development
• Representation and liaison with government and semi-government bodies
OBJECTIVES
• To organise and participate in international exhibition held abroad in
the coming years with the aim of showcasing indian plastic industry to
the world in order to promote and boost its exports business volumes and
revenues
• Promote development and co-ordinate the multi-faceted growth of the industry
• Help promote R and D activities, standardisation, quality control and testing
facilities
• Undertake and assist man-power development programmes
• Help conserve energy, scarce materials and natural resources and protect the
environment
• Assist improvement and widen the usage of Plastics materials
• Promote scientific recycling of Plastics
• Encourage co-operation amongst the various organisations and institutions
connected with the Plastics industry
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
|
1 |
Rs.88.15 |
|
Euro |
1 |
Rs.71.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
11 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.